The Empty Capsules Market is expected to reach a value of USD 3,230 million in 2023 and increase at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2033, when it is expected to reach USD 5,130 million.
The market for empty capsules is expected to expand
significantly soon. The need for pharmaceutical and nutraceutical goods is
predicted to rise, which will drive growth in the empty capsule industry. The
market is progressing because to factors such the increased demand for
specialized drug delivery systems, improvements in capsule technology, and the
growing preference of consumers for easy and customisable dose forms. In
addition, the growing number of elderly people and the occurrence of long-term
illnesses are driving up demand for empty capsules as the recommended method of
taking medications.
The need for plant-based and non-animal-derived capsules is
also being fueled by the rise in vegetarian and vegan diets. Continuous
research and development endeavors aimed at enhancing capsule quality,
stability, and compatibility with diverse formulations are underway.
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Empty Capsules Market: Drivers
1.
Pharmaceutical and nutraceutical firms continue
to Favor gelatin capsules for filling formulations; however, growing consumer
concern over plant-based capsules is anticipated to further propel the market.
2.
Antibiotics and antibacterial medications, which
held the greatest share of the empty capsule market, are being consumed at
higher rates due to the rising frequency of infectious and chronic diseases.
3.
Since gelatin capsules provide the medication
ingredient with greater stability and inertness, 70% of the empty capsules that
are swallowed are composed of gelatin.
4.
Increased dietary supplement intake is a major
factor driving the market for empty capsules.
5.
Because more people are becoming aware of
the origins of the raw materials used to make gelatin-based capsules,
vegetarian capsules made of HPMC have emerged.
Empty Capsules Market
Competitive
Outlook
Lonza, Qualicaps, Suheung Co., Ltd, Roxlor Llc, Natural Capsules
Limited, Nectar Lifesciences Ltd, Healthcaps India Ltd., Sunil Healthcare
Limited, Bright Pharma Caps, Snail Pharma Industry Co. Ltd, Medi-Caps Ltd.
Frequently Asked Questions
1.
What is the market size of Empty Capsules Market
in 2022?
2.
Which are the top companies operating within the
market?
3.
Which region dominates the Empty Capsules
Market?
Empty Capsules Market Segmental Analysis
By Application
1.
Vitamin & Dietary Supplements
2.
Antibiotic & Antibacterial Drugs
3.
Cardiac Therapy Drugs
4.
Antacids & Anti-flatulent preparations
5.
Others
Procure
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By End-User
1.
Pharmaceutical Companies
2.
Nutraceutical Manufacturers
3.
Others
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux;
Nordic Countries; Russia; China; India; Japan; South Korea; Australia;
Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South
Africa; Nigeria
By Type
1.
Gelatin
2.
Non-Gelatin Capsules
3.
Hydroxypropyl Methylcellulose (HPMC)
4.
Others
By Functionality
1.
Immediate Release
2.
Sustained Release
3.
Delayed Release
Empty Capsules Market
Competitive
Outlook
Lonza, Qualicaps, Suheung Co., Ltd, Roxlor Llc, Natural Capsules
Limited, Nectar Lifesciences Ltd, Healthcaps India Ltd., Sunil Healthcare
Limited, Bright Pharma Caps, Snail Pharma Industry Co. Ltd, Medi-Caps Ltd.
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